Comcast First Quarter Earnings Call
May 26, 12:50 AM EDT |
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| The good start to 2008 enhanced management’s confidence in achieving full year targets, with focus on profitable growth and network investments. |
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| The leading provider of entertainment, information and communications products and services posted revenues of $8.4 billion, an increase of 14% from the $7.4 billion in the year ago quarter. The strong revenue performance was aided by Comcast High-Speed Internet and Comcast Digital Voice Additions. The net income for the quarter was $732 million versus $837 million for Q1 of 2007. The management reported that net income in 2008 and 2007 includes gains from the dissolution of cable partnerships. |
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Gap First Quarter Earnings Call
May 24, 1:22 PM EDT |
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| Profit rose 40% after the company controlled inventory to help limit profit-eroding discounts and offset declining sales. |
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| Sales of the San Francisco-based retailer fell to $3.38 billion from $3.55 billion a year ago. That was lower than analysts'' expectations of $3.42 billion in revenue. Comparable-store sales decreased 11%, compared with a decrease of 4% in Q1 of the prior year. Online sales increased 21% to $236 million vs. $195 million the year before. Gross margin rose 1.5 percentage points to 39.7% compared with the prior year. For 2008 earnings per share are expected to be $1.20 to $1.27. |
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Intuit Third Quarter Earnings Call
May 24, 12:58 PM EDT |
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| Net income rose 21% to $444.2 million, or $1.33 a share, from $367.2 million, or $1.04 a share, one year ago. |
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| Revenue grew 15% to $1.31 billion, from $1.14 billion in the same quarter of last year. Strong performance was driven by continued focus on ease of use, execution of marketing programs throughout the tax season, and the success of free federal product. Consumer tax software was up 16% year over year to $657 million. Full-year revenue would total $3.05 billion to $3.06 billion, implying Q4 revenue ranging from $457 million to $467 million. |
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Hewlett-Packard Second Quarter Earnings Call
May 24, 12:56 PM EDT |
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| HP had net income of $2.1 billion, or 80 cents a share, vs. $1.8 billion, or 65 cents a share in the year-ago period. |
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| Revenue was $28.3 billion versus $25.5 billion a year ago. HP said international markets accounted for 70% of total revenue, with revenue from Brazil, Russia, India and China growing 26% over a year earlier. Operating margin, excluding special items, was 10%, up from 9% a year earlier and 9.9% in the first quarter. HP estimates Q3 r revenue from $27.3 billion to $27.4 billion, with earnings per share from 76 cents to 77 cents. |
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Chipotle Mexican Grill First Quarter Earnings Call
May 24, 7:29 AM EDT |
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| Improvements to the culture contributed to the strength of the unit economic model and the ability to create value for shareholders. |
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| The restaurateur realized net income growth of 39% to $17 million or 52 cents a share, from $12 million or 38 cents a share in 2007 as revenue increased 29% from $236.1 million last year to $305.3 million, driven by new restaurants along with a 10.2% increase in comparable restaurant sales. Chipotle’s commitment to invest in better ingredients, from more sustainable sources, has continued to allow it to serve better tasting food to its customers. |
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XL Capital First Quarter Earnings Call
May 24, 7:24 AM EDT |
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| Strategic initiatives for organic and profitable expansion across the organization continue to bear fruits despite a difficult environment. |
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| The provider of insurance and reinsurance coverages reported income of $212 million, or $1.20 a share, down 62% from 2007 due primarily to a decrease in net income from investment affiliates of $107 million and a 13% decline in revenues to $2.17 billion. Although XL is steadily navigating through some extremely difficult global credit market conditions, which is reflected in the lower investment performance, it achieved solid performance from the Insurance, Reinsurance, and Life operations. |
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EMC First Quarter Earnings Call
May 24, 7:12 AM EDT |
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| The company achieved double digit revenue growth in Systems, Software and Services and across the U.S., Europe and Asia-Pacific. |
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| The information infrastructure solutions provider announced all-time record first quarter revenue and its 19th consecutive quarter of double-digit year-over-year revenue growth. The company’s total consolidated revenue for the quarter $3.47 billion, an increase of 17% compared with $2.98 billion for the first quarter of 2007. The non-GAAP first quarter net income was $477.3 million, representing a 28% increase from the first quarter of 2007 levels. |
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Harris Second Quarter Earnings Call
May 24, 6:52 AM EDT |
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| The company revised upwards its 2008 guidance, with management bullish over expected revenue, income and operating margins at RF Communications. |
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| The international communications and information Technology company reported Q2 revenue of $1.3 billion, an increase of 30% from Q2 revenues for 2007 of $1 billion. According to management, the organic revenue, exclusive of the impact of prior year acquisitions, rose 13% versus the prior year quarter. The Q2 net income was $114 million versus $94 million in the last year second quarter. The management has now increased the revenue and earnings guidance for 2008. |
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Bill Barrett First Quarter Earnings Call
May 24, 6:32 AM EDT |
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| The solid start puts the company on track to delivering projected production growth of 20% to 28% for fiscal 2008. |
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| The gas and oil exploration firm posted Q1 operating revenues of $149.2 million compared with $98.4 million in the previous year quarter and net income during the quarter was $30.7 million versus $14.2 million in Q1 of 2007. The management reported that quarterly production increased by 28% from the prior year period to 18.2 Bcfe. As a result of the record start in 2008, the company is narrowing and slightly raising the top end of its production guidance range to 74 Bcfe to 78 Bcfe. |
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Gymboree First Quarter Earnings Call
May 22, 5:09 PM EDT |
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| Net income rose 20% to $25 million, mainly due to higher retail sales. |
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| Revenue rose 16% to $242.1 million from $209.3 million a year ago. The total number of stores open at the end of the quarter was 811. Gross profit increased 140 basis points to 51%. SG&A as a percentage of sales increased 30 basis points to 33.8% of sales. Cash, cash equivalents, and investments at the end of the quarter were $58 million with no short or long-term borrowings outstanding. The company expects earnings of 18 cents to 20 cents a share in Q2 and $3.10 to $3.15 a share in 2008. |
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